EU Loan Market Association’s East Africa, Nigeria and Zambia Facility Agreement Update
On 1 October 2015, the Loan Market Association (LMA) published a revised version of its single currency secured and unsecured term facility agreement for use in East Africa (Kenya, Tanzania and Uganda), Nigeria and Zambia. The amendments incorporate recent changes in law and market practice updates in the relevant jurisdictions. The accompanying user guide has also been updated with the relevant changes.
The facility agreement and user guide were last updated in June 2015 to incorporate Zambian law. A South African law single currency secured term facility agreement was also added and the existing South African law facility agreements were revised in June 2015.
The documents, including mark-ups, are available to members of the LMA from the LMA website.